Bull Trend Analysis Feed http://www.bull-trend.com Bull-trend.com was designed for traders like yourself. We strive to be your number-one resource for timely, accurate and useful forex, futures and commodity quotes, charts, technical opinion, trading analysis and other market commentary. CFM 263 94 http://www.bull-trend.com http://www.bull-trend.com/bk2/img/flogo.jpg EUR/USD: chipping away at 200-hour EMA, focus on Brexit news and GBP http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 15 Nov 2018 04:52:48 -0500 The EUR/USD is attempting a break above the 200-HMA of 1.1336. Investors ignore upbeat comments from Fed's Powell, T-yield remain flatlined The EUR likely to follow GBP/USD, draft Brexit deal done, but it needs to pass parliament. The recovery rally in the EUR/USD gathered pace in Asia as the US treasury yields remained unchanged despite upbeat comments from Fed's Powell. As of writing, the currency pair is attempting a break above the 200-hour moving average (HMA) of 1.1336. A convincing move above the MA hurdle looks likely as markets continue to ignore Powell's positive take on the US economy. This is evident from the fact that the 10-year treasury yield hardly moved after Powell's comments and continues to roll in a sideways manner around 3.12 percent. Further, the bullish pressure around the EUR could strengthen if the GBP/USD cheers the draft Brexit deal. Sterling, however, is more likely to fall as the demand for GBP puts continues to rise. Investors are likely fearing that the 586-page long draft deal may not pass through the parliament. Also, an above-forecast US retail sales, due at 13:30 GMT, could lift the Treasury yields, pushing the US dollar higher across the board. EUR/USD Technical Levels EUR/USD Overview:<br />     Last Price: 1.1338<br />     Daily change: 15 pips<br />     Daily change: 0.132%<br />     Daily Open: 1.1323<br /> Trends:<br />     Daily SMA20: 1.1385<br />     Daily SMA50: 1.152<br />     Daily SMA100: 1.1568<br />     Daily SMA200: 1.1824<br /> Levels:<br />     Daily High: 1.1348<br />     Daily Low: 1.1263<br />     Weekly High: 1.15<br />     Weekly Low: 1.1316<br />     Monthly High: 1.1625<br />     Monthly Low: 1.1302<br />     Daily Fibonacci 38.2%: 1.1315<br />     Daily Fibonacci 61.8%: 1.1295<br />     Daily Pivot Point S1: 1.1274<br />     Daily Pivot Point S2: 1.1226<br />     Daily Pivot Point S3: 1.119<br />     Daily Pivot Point R1: 1.1359<br />     Daily Pivot Point R2: 1.1396<br />     Daily Pivot Point R3: 1.1444   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Crypto marked had its Black Wednesday, Bitcoin nose dives to the lowest levels since October 2017 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 15 Nov 2018 03:09:01 -0500 Cryptocurrency market is panic-stricken. The massive sell-off started on Wednesday and gathered pace on Thursday with total market capitalization falling as low as $184B - for the first time since October 2017.  <br /> Late on Wednesday, Bitcoin collapsed to $5,312 before recovering to $5,536 by the time of writing. The market cap of the largest digital coin dropped below $100B watermark for the first time in more than a year. BTC/USD is down over 10% on a day-on-day basis. <br /> Potential reasons for Bitcoin crash <br /> This development can potentially lead to a more extended sell-off, according to Naeem Aslam, a chief market analyst at Think Markets U.K. <br /> “After the recent attempt to clear $6,500 bitcoin has lost all its momentum and now we are seeing some very bearish signals,” he said. <br /> Ripple's XRP and Ethereum are fighting for the second place in the cryptocurrency rating. Currently, Ethereum's market cap is registered at $18.5, though Ripple is a close runner-up with $18.2B. The coins have lost 13% and 11% of their respective value in recent 24 hours. <br /> The sell-off is gathering pace as ETH/USD is down 3.3% since the beginning of Thursday, trading at $176.66 at the time of writing; XRP/USD has lost nearly 6% to $0.4477.<br /> Other altcoins are in the same wrecked conditions with Bitcoin Cash losing nearly 20% since this time on Wednesday. BCH/USD is the worst performer of the day, changing hands ar $421 at the time of writing. <br /> Bitcoin Cash is having a hard fork today, which is going to be a messy event.  <br /> Read more about it here. <br />   BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/JPY: attempting a recovery rally from below 200-HMA on uptick in Asian stocks http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 15 Nov 2018 02:48:50 -0500 The demand for the anti-risk JPY seems to have weakened somewhat amid the positive action in the Asian equities. A recovery rally will likely gather steam above the 200-hour moving average (HMA). The USD/JPY is showing signs of life, having hit a low of 113.30 in the overnight trade. The currency pair fell below the 200-HMA eight hours ago, possibly due to the risk aversion in the US stocks and the resulting demand for the anti-risk JPY. Further, the treasury yields dropped, weakening the bid tone around the greenback. For instance, the 10-year yield fell seven basis points to 3.09 percent and was last seen trading at 3.13 percent. That minor recovery in the benchmark yield and an uptick in the Asian stocks may have put a bid under the USD/JPY. So far, however, a break above the 200-HMA of 113.62 has remained elusive. Stocks in China, Hong Kong, and South Korea are reporting gains, while Japanese and Australian equities are flashing red. The USD/JPY could rise above the 200-HMA if the European stocks regain poise and the US retail sales, due at 13:30 GMT, blow past expectations, highlighting the strengthening domestic demand. USD/JPY Technical Levels USD/JPY Overview:<br />     Last Price: 113.54<br />     Daily change: 4.0 pips<br />     Daily change: 0.0352%<br />     Daily Open: 113.5<br /> Trends:<br />     Daily SMA20: 113<br />     Daily SMA50: 112.72<br />     Daily SMA100: 111.98<br />     Daily SMA200: 110.1<br /> Levels:<br />     Daily High: 114.02<br />     Daily Low: 113.3<br />     Weekly High: 114.1<br />     Weekly Low: 112.94<br />     Monthly High: 114.56<br />     Monthly Low: 111.38<br />     Daily Fibonacci 38.2%: 113.57<br />     Daily Fibonacci 61.8%: 113.74<br />     Daily Pivot Point S1: 113.19<br />     Daily Pivot Point S2: 112.88<br />     Daily Pivot Point S3: 112.47<br />     Daily Pivot Point R1: 113.92<br />     Daily Pivot Point R2: 114.33<br />     Daily Pivot Point R3: 114.64   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Oil struggling near lows, bulls hopeful on ME supply cuts http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 15 Nov 2018 01:54:20 -0500 A bullish bounce in oil is looking weak, but all buying will be welcome for stricken crude investors. OPEC set to begin pursuing rising barrel prices once again with 1.4 million bpd production cut in December. Crude prices are catching some minor lift from recent bottoms, with WTI peeling itself off of 54.75, and currently testing near the 56.00 region as oil traders test higher turf on the idea that Middle East suppliers could be going ahead with production constraints in the near future. Oil's recent sell-off, sparked largely by the US' last-minute decision to provide oil-purchasing waivers from their Iran-targeted sanctions that came back into effect in early November, and the key crude access concession has seen oil barrels in free-fall, spurring concerned announcements from OPEC that the crude oil cartel will be considering significant supply cuts from their meeting in December, which has helped to halt the decline for the time being. OPEC's announcement came not a moment too soon after crude barrels declined for twelve straight tradings days, and WTI saw its largest single-day contraction in over three years, and OPEC's formal announcement of slashing production by up to 1.4 million barrels per day far exceeds the cartel's initial whispers of 500,000 bpd. WTI Technical Levels WTI Overview:<br />     Last Price: 55.95<br />     Daily change: 7.0 pips<br />     Daily change: 0.125%<br />     Daily Open: 55.88<br /> Trends:<br />     Daily SMA20: 63.01<br />     Daily SMA50: 68.5<br />     Daily SMA100: 68.37<br />     Daily SMA200: 68.35<br /> Levels:<br />     Daily High: 56.06<br />     Daily Low: 55.81<br />     Weekly High: 63.05<br />     Weekly Low: 59.24<br />     Monthly High: 76.25<br />     Monthly Low: 64.86<br />     Daily Fibonacci 38.2%: 55.91<br />     Daily Fibonacci 61.8%: 55.96<br />     Daily Pivot Point S1: 55.77<br />     Daily Pivot Point S2: 55.67<br />     Daily Pivot Point S3: 55.52<br />     Daily Pivot Point R1: 56.02<br />     Daily Pivot Point R2: 56.17<br />     Daily Pivot Point R3: 56.27   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/JPY scrambling for a bounce back towards 114.00 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 15 Nov 2018 00:41:16 -0500 USD/JPY exploring a fresh low for the week after Dollar declines on Treasuries. The next meaningful showing for the USD/JPY will be today's US retailers' sales figures. The USD/JPY is trading up from Wednesday's new floor at 113.30, taking a minor bounce as the Greenback seeks to recoup intraday losses, with key US data due later on for Thursday. The Dollar-Yen pairing is touching into 113.60 after Thursday's US inflation reading miss, with US Treasury yields declining and dragging the US Dollar with them, while Japanese GDP figures also showed a miss for growth projections. A fresh chance at challenging the near-term trend will arrive later on Thursday, when the upcoming US trading window will be seeing US Retail Sales for October at 13:30 GMT, and median market expectations are hoping for a recovered showing for Retail Sales excluding cars, calling for a 0.5% reading versus the previous showing of -0.1%. USD/JPY levels to watch Plenty of buyers are still in the mix to bring the Dollar-Yen back up the boards, but as noted by Bakinv's own Eric Abdelnour, recent declines have left the Yen pairing primed for further declines if lopsided bearish interest continues to mount: "the USD/JPY fell to 113.29, a new weekly low trading a few pips above the level by the end of the US session. The 4 hours chart for the pair shows that it is still developing well above its 100 and 200 SMA, both around the 113.00 level and with the shortest advancing below the larger one as technical indicators resume their declines within negative levels, skewing the risk to the downside. Renewed selling interest below 113.20, now the immediate support should lead to a steeper decline, particularly if Asian shares follow the lead of their overseas counterparts." Support levels: 113.20 112.85 112.50 Resistance level: 113.90 114.20 114.55 Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Bitcoin Price Analysis: What caused the mini crash for BTC/USD? http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Wed, 14 Nov 2018 22:01:48 -0500 Bitcoin price suffered coincidently after Craig Wright threatened to force Bitcoin down to $1000. BTC/USD manages to bounce for now, after the consistent selling pressure, forcing price to lowest level in over 1 year.   Bitcoin was trading down with hefty losses of 9% in the late part of Wednesday. The sellers running exhausted, BTC/USD managing to bounce higher by around 4%, after dropping to the lowest level in over 1 year. It is still unclear what the catalyst was behind this chunky drop south, which rippled across the market. However, worth noting Craig Wright, who calls himself the real Satoshi Nakamoto, threatened to cause Bitcoin price to plunge to $1,000. Craig Wright tweeted, “To all BTC miners...If you switch to mine BCH, we may need to fund this with BTC, if we do, we sell for USD and, well... we think BTC market has no room... it tanks. Think about it. We will sell A Lot! Consider that....And, have a nice day (BTC to 1000 does not phase me).” Clearly not a fan of the latest Bitcoin Cash hard fork.   BTC/USD daily chart BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. SandP500 Technical Analysis: Double bottom bull flag can be in the making above 2,700 figure http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Wed, 14 Nov 2018 21:19:53 -0500 EUR/JPY 4-hour chart EUR/JPY is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.  EUR/JPY found some resistance at the 129.00 resistance suggesting that a pullback down to 128.00 and 127.50 can be in the making.  If bulls support the market at those levels the market might be creating a double bottom. Additional key levels at a glance: EUR/JPY Overview:<br>     Last Price: 128.52<br>     Daily change: 12 pips<br>     Daily change: 0.0935%<br>     Daily Open: 128.4<br> Trends:<br>     Daily SMA20: 128.7<br>     Daily SMA50: 129.88<br>     Daily SMA100: 129.52<br>     Daily SMA200: 130.15<br> Levels:<br>     Daily High: 128.78<br>     Daily Low: 127.5<br>     Weekly High: 130.16<br>     Weekly Low: 128.6<br>     Monthly High: 132.49<br>     Monthly Low: 126.63<br>     Daily Fibonacci 38.2%: 128.29<br>     Daily Fibonacci 61.8%: 127.98<br>     Daily Pivot Point S1: 127.67<br>     Daily Pivot Point S2: 126.94<br>     Daily Pivot Point S3: 126.39<br>     Daily Pivot Point R1: 128.95<br>     Daily Pivot Point R2: 129.5<br>     Daily Pivot Point R3: 130.23   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. EUR/USD: Battles towards 50% Fibo despite blatant risks, but sentiment could be turning again for the dollar http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Wed, 14 Nov 2018 20:48:26 -0500 Despite most risk assets turning lower, EUR/USD has been better bid on Wednesday in both European and US markets although falling short of the 50% retracement of Nov 7th decline from 1.1499. EUR/USD has been tracking the dollar's and weakness and US yields in decline despite in-line CPI and the largest increase in 9 months and a negative German GDP print. EUR/USD is trading like a derivative of sterling and Brexit headlines.  EUR/USD, for the most part, has traded around dollar and sterling flows on Wednesday. The single unit managed to hold in the positive territory within its comeback from the 1.1215 lows, rising to a recent high of 1.1341 as the dollar falls over from the 97.40s double top area down to 96.77. The single unit has held on despite the bad news from both Germany and Italy. Firstly, the German economy, the euro zone's core, had contracted in the third quarter for the first time since 2015. However, some of the weakness may just be temporary where a disruption to car manufacturing (related to new emissions tests) has weighed. Overall, the second read on Eurozone Q3 GDP was confirmed at 0.2% q/q, inline with the market's expectation at 0.2%; (last: 0.2%). Italy's print, on the other hand, came in at 0.0%; And that's not all, (nor was it a surprise), Italy’s populist government defiantly refused to bow to EU demands to change its big-spending budget for next year and are sticking to their deficit target which was hitting bonds and BTP futures with interior minister Matteo Salvini declaring on Wednesday: “We won’t budge a millimetre.” Politics, politics and, well, more politics EU's Barnier: Brexit deal brings legal certainty on consequences of Brexit Sticking with politics, it was all about Brexit in the main and at the time of writing, EU's Barnier is speaking at a press conference following the Brexit deal crossing the finish line with the UK Cabinet's approval of  PM May's draft deal, saying that the backstop is not meant to be used. The EU has said that the UK and EU will access each other's markets on a basis of equivalence. US dollar losing its footing again US: Inflation allows the Fed to continue raising rates gradually - RBC The US dollar, in all of this, lest we forget, has been on a downward spiral and is testing a key support area at this juncture at around 96.70/80. Indeed, the dollar is weaker again and perhaps undervalued when considering the number of geopolitical and general risks out there that are keeping the markets cautious, including the rout in oil, China’s slowing growth, tightening liquidity and a hawkish Fed. One of the main catalysts to investor's flight to safety, when looking at the decline in US yields (move inversely to bid in bonds), would be the 25% decline in oil. Meanwhile, the US CPI print showed the largest increase in nine months, and oil would have played its part in that also. However, now with oil falling away so heavily on poor demand outlooks, perhaps the market can reassess the Fed's rate policy? As crowded as the dollar has been, it is vulnerable to the downside on a less hawkish outlook for the Fed.  US yields: 10Y to hit 3.5% in three to six months - Danske Bank Fed's Chairman Powell to spark more volatility?  Looking ahead for today, we will hear from Fed's Chairman Powell in early Asia who will be diiscussing the US economy from around 10am Sydney time/ 6 p.m. Eastern. considering the performance of the DJIA of late, we might hear from him what the implications of Fed hikes will have markets and on the global economy - (Making for the perfect addition to what has already been a volatile day in the FX-Space and general financial markets - The VIX is at 20.27 +0.25 (+1.25%) on the day). EUR/USD levels Support levels: 1.1240 1.1215 1.1180. Resistance levels: 1.1325 1.1355 1.1390. Eric Abdelnour, Chief Anlyst at Bakinv explained that the pair eased from the mentioned high following a collapse in Pound, finishing the day around 1.1300: "The 4 hours chart indicates that the pair lost part of its upward strength, barely holding above a bearish 20 SMA which converges with the 23.6% retracement of the latest daily decline, as technical indicators lost upward strength, the Momentum above its mid-line and the RSI at around 50. The pair failed to retain gains above the 38.2% retracement of the mentioned decline after nearing the 50% retracement of the same slump at 1.1355, with gains beyond this last needed for a firmer advance."     Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. SandP500 Technical Analysis: Double bottom bull flag can be in the making above 2,700 figure http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Wed, 14 Nov 2018 20:39:10 -0500 S&P500 4-hour chart The S&P500 is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.  The S&P500 is vulnerable to further downside move but bears will need to keep the market below the 2,700 level on a daily closing basis. On the flip side, bulls are trying to create a double bottom bull flag with the early November low. The market needs to stabilize some more above 2,700 in order to confirm a continuation up.  Additional key levels at a glance: SP 500 Overview:<br>     Last Price: 2716.25<br>     Daily change: -1.3e+3 pips<br>     Daily change: -0.458%<br>     Daily Open: 2728.75<br> Trends:<br>     Daily SMA20: 2734.01<br>     Daily SMA50: 2820.5<br>     Daily SMA100: 2832.06<br>     Daily SMA200: 2767.94<br> Levels:<br>     Daily High: 2756<br>     Daily Low: 2715.25<br>     Weekly High: 2818.75<br>     Weekly Low: 2713.5<br>     Monthly High: 2939.5<br>     Monthly Low: 2604.5<br>     Daily Fibonacci 38.2%: 2740.43<br>     Daily Fibonacci 61.8%: 2730.82<br>     Daily Pivot Point S1: 2710.67<br>     Daily Pivot Point S2: 2692.58<br>     Daily Pivot Point S3: 2669.92<br>     Daily Pivot Point R1: 2751.42<br>     Daily Pivot Point R2: 2774.08<br>     Daily Pivot Point R3: 2792.17   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Bitcoin Price Analysis: BTC/USD chunky selling pressure shows no slow down, weekly chart looks worrying http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Wed, 14 Nov 2018 19:40:00 -0500 Big selling continues into the late part of Wednesday, chunky momentum to the downside. Weekly support eyed at current price, $5500, further south, down to $4500. The Bitcoin price continues to come under heavy selling pressure, in the late part of Wednesday’s session. A bulk of volume was the price crashed through $6000 to the downside, observing large selling pressure through this big psychological level. BTC/USD had managed to form a bottom for this year around $5800-6000, which had proven to be somewhat sturdy. Many market experts and large players had called the bottom of the market, just some months ago. Technically, viewing the weekly chart, given there isn’t too much to work with, this move lower is all unchartered territory, it looks worrying. A firm breach of weekly support which is eyed within $5500 area, could see a hard fall to $4500, another weekly support level. The price was last seen down here in weekly commencing 13th October 2017. BTC/USD weekly chart BTC/USD daily chart Price smashes out from a bearish penannt pattern, support gave way at former demand area around $6200-150 region.   BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/JPY tumbles to 1-week lows near 113.30 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Wed, 14 Nov 2018 19:20:04 -0500 Risk aversion and lower US yields sent USD/JPY lower.  US dollar having the worst day in three weeks against the Japanese yen.  The USD/JPY pair moved most of ht day in a range between 113.70 and 113.99 until the US session when it broke decisively to the downside. The pair lost 50 pips in a few hours and bottomed at 113.28, the lowest level in a week.  Near the end of the session, while market participants await more news regarding the UK Cabinet meeting on Brexit, USD/JPY trades slightly above the lows. Since the beginning of the week, USD/JPY tested levels on top of 114.00 but failed to consolidate and now the technical outlook looks more on the bearish side.  The yen gained momentum across the board on the back of risk aversion and lower US yields. The10-year fell to 3.09%, the lowest since October 30. At the same time, gold jumped above $1210 and the Dow Jones losses 0.85%.  Technical outlook “The 4 hours chart for the pair shows that it is still developing well above its 100 and 200 SMA, both around the 113.00 level and with the shortest advancing below the larger one as technical indicators resume their declines within negative levels, skewing the risk to the downside”, said Eric Abdelnour, Chief Analyst at Bakinv.  According to her, renewed selling interest below 113.20, now the immediate support should lead to a steeper decline, particularly if Asian shares follow the lead of their overseas counterparts. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Gold jumps above $1210 amid Brexit developments http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Wed, 14 Nov 2018 18:50:08 -0500 Yellow metal soars and gains almost 1% in a few minutes.  Lowe US yields favored gold as UK Cabinet meeting brings no certainty.  Gold has risen $10 during the last 60 minutes on the back of Brexit headlines. Uncertainty about the future of UK PM May pushed the Pound to the downside and added support for gold.  The metal moved all day in a small range around $1200 and recently broke to the upside. It climbed above $1203 and jumped to $1215, reaching the highest level since last Friday. Price is holding near the top, with the positive tone intact.  Market participants are digesting the latest news on Brexit. The pound is falling sharply in the market and also equity prices in Wall Street. The risk aversion environment pushed US yield to the downside, adding more support to gold prices.  Levels to watch  To the upside, the next strong resistance could be seen at $1220, followed by $1227 and $1232. Above the key level to watch is $1235: a daily close significantly above would open the doors to more gains. On the flip side, $1208 is now the immediate support followed by $1195 (weekly low).  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Bitcoin Technical Analysis: Buyers jumping out of the bulls wagon as BTC crashes below $6,000 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Wed, 14 Nov 2018 17:46:54 -0500 BTC/USD weekly chart BTC/USD has tried to hold on above $6,000 for the most part of 2018.  A break of the level open the gates to $4,979 (September 1, 2017).    BTC/USD daily chart BTC/USD is trading below the 50, 100 and 200-day simple moving average suggesting a strong bearish bias.  Technical indicators are in negative territories suggesting more losses ahead.  BTC/USD 30-minute chart On an intraday basis BTC/USD is way oversold, but considering the crash on the higher time frame, any rally should likely be sold into. Resistance levels are seen near 5,900 and the 6,000 level.    Additional key levels at a glance BTC/USD Overview:<br>     Last Price: 5617.49<br>     Daily change: -6.4e+4 pips<br>     Daily change: -10.3%<br>     Daily Open: 6259.76<br> Trends:<br>     Daily SMA20: 6364.22<br>     Daily SMA50: 6421.06<br>     Daily SMA100: 6496.84<br>     Daily SMA200: 6996.42<br> Levels:<br>     Daily High: 6327.12<br>     Daily Low: 6251.2<br>     Weekly High: 6538.13<br>     Weekly Low: 6310.18<br>     Monthly High: 6783.05<br>     Monthly Low: 6060.88<br>     Daily Fibonacci 38.2%: 6280.2<br>     Daily Fibonacci 61.8%: 6298.12<br>     Daily Pivot Point S1: 6231.6<br>     Daily Pivot Point S2: 6203.44<br>     Daily Pivot Point S3: 6155.68<br>     Daily Pivot Point R1: 6307.52<br>     Daily Pivot Point R2: 6355.27<br>     Daily Pivot Point R3: 6383.43   BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/JPY: Falling with stocks and US yields in decline, marrying-up with WTI oversold conditions http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Wed, 14 Nov 2018 17:26:23 -0500 USD/JPY has been in free fall with US yields plunging stocks on Wall Street losing. USD/JPY technicals have switched to negative, but so long as 112.56 holds, bulls shouldn't panic, too much.  We are seeing volatility higher again on Wednesday with the VIX now registering 21.19, +1.17 (+5.84%) on the day so far. The significance here is that it was down at 16 last week, that is around the same level as the VIX was when USD/JPY has fallen from 114.55 double top highs during the stock market rout.  The DJIA had reached a 76.4% retracement of its early Oct decline on the 7th Nov highs but the index has fallen sharply again down to the 200-D SMA today in an 1171 move to the downside in as little as 4 sessions, so far which is representing its longest string of declines since August 13th and that is going to support the yen on repatriation/risk off flows. Eyes on oil prices and US yields WTI oil is reporting oversold conditions for the first time since June 2017 As far as other market fundamentals are concerned, US yields have been sliding for about the same number of sessions this month so far. The US 10 years yield has been capped at 3.25% and reached a low of 3.12% on the same day that US CPI has registered a number that is more in line with the Fed's 2% target, down at 2.1%. This ties in nicely with the decline in WTI prices so is something to monitor with regards to USD/JPY's outlook - The weaker the price of oil gets, we might assume lower levels in USD/JPY as well.  "Inflation at a perfect temperature for a 'normalizing ' Fed.  Core CPI at 2.1% slips toward the 2% target with the headline number 2.5% heading into a energy price decline.  No impact on Fed interest rate policy,"  - Joseph Trevisani, Senior Analyst at Bakinv tweeted earlier today.  USD/JPY levels The longer-term bias for USD/JPY remains bullish, according to analysts at Commerzbank: "The cross has risen above the 2015- 2018 downtrend line and now trades above the 55-month moving average at 112.56." "Key resistance since mid-2017 at 114.38/73 is about to be revisited but may once again cap, for a few weeks at least." "As long as the currency pair remains above the 200-month moving average at 105.01 the December 2016 peak at 118.66 will longer-term remain in sight." "Eventually, the 124.14/125.86 area (highs since 2007) could be reached as well." Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/JPY Technical Analysis: Greenback slumps to daily lows near the 113.70 level as Wall Street bears keep the market in check http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Wed, 14 Nov 2018 17:05:34 -0500 USD/JPY daily chart USD/JPY is consolidating below the 114.00 figure for the fifth day in a row.  The Stochastic indicator is in overbought condition.  USD/JPY 4-hour chart USD/JPY is trading in a bull trend above the 200-period simple moving average (SMA).  USD/JPY has formed a potentially bearish wedge.  Technical indicators are losing steam. <br /> USD/JPY 30-minute chart If bears break below 113.60 support it can open the door to 113.00 figure.  The move down coincides with a move down on US indices and a US yields decelerating with the 10-year note at 3.12%.    Additional key levels at a glance: USD/JPY Overview:<br />     Last Price: 113.72<br />     Daily change: -5.0 pips<br />     Daily change: -0.0439%<br />     Daily Open: 113.77<br /> Trends:<br />     Daily SMA20: 112.96<br />     Daily SMA50: 112.68<br />     Daily SMA100: 111.95<br />     Daily SMA200: 110.08<br /> Levels:<br />     Daily High: 114.16<br />     Daily Low: 113.58<br />     Weekly High: 114.1<br />     Weekly Low: 112.94<br />     Monthly High: 114.56<br />     Monthly Low: 111.38<br />     Daily Fibonacci 38.2%: 113.94<br />     Daily Fibonacci 61.8%: 113.8<br />     Daily Pivot Point S1: 113.52<br />     Daily Pivot Point S2: 113.26<br />     Daily Pivot Point S3: 112.94<br />     Daily Pivot Point R1: 114.1<br />     Daily Pivot Point R2: 114.42<br />     Daily Pivot Point R3: 114.68   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Breaking News: Bitcoin crashes below $6,000, lowest in three months http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Wed, 14 Nov 2018 16:16:05 -0500 BTC/USD is falling below the October low of $6,033 and trades at the lowest level since August 14th, exactly three months ago. Volatility in cryptocurrencies has risen and digital coins are losing value quite fast.  Update: Bitcoin is falling fast and has already dropped below $5,770 and It is now trading at the lowest levels since November 2017 and pushing lower towards those seen in October. Bakinv cryptocurrency analyst Tomas Salles notes that the move opens the door to $4,500: $5,770 is the line in the sand for Bitcoin. It is the lowest point in 2018. A loss of this level opens the door to levels to $4,500, last seen over a year ago. More:  Crypto market update: bears and bloodshed, as big levels breached across the board Ripple Price Analisis: Volatility has come with lead in its feet, the market is sinking Ethereum Top Price Prediction: Crypto crash has bears eyeing $158 – Confluence Detector Here is the move on the chart. Click on the image or here to see a live graph: Bitcoin is down around 7% on the day, a drop which cannot be considered extraordinary in terms of digital coins. However, volatility was quite quiet recently.  Ethereum (ETH/USD) is crashing and trading at $177 at the time of writing. Ripple (XRP/USD) is down below $0.44. Both are down between 12% and 13% and are faring worse than Bitcoin. Why are cryptos falling? Some speculate that Christine Lagarde's call for central banks to issue their own digital currencies. The Managing Director of the International Monetary Fund is an influential politician. If government-issued cryptos are in play, they compete with the decentralized ones. Others point to the upcoming hard fork in Bitcoin Cash. Coinbase, one of the world's largest crypto-exchanges, decided to shut down trading in BCH ahead of the fork. BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Crypto market update: bears and bloodshed, as big levels breached across the board http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Wed, 14 Nov 2018 16:10:27 -0500 Selling pressure seen across the cryptocurrency market, moves which had triggered on Tuesday, but intensifying in the session on Wednesday. Bitcoin subject to falling below $6000, Ethereum drops deeply below $200 and XRP crashes through $0.5000.   Downside momentum across the crypto market remains very much evident. Collectively big areas are being tested and subject to breaches, which could spell further disaster. A move which bears had initiated in the back end of Tuesday’s session initially, to have been resumed today – Wednesday. In terms of Bitcoin, the price nursing steep losses of some 3.5%, well into the second half of the trading day. BTC/USD desperately in search of a bottom, as vital area continues to be penetrated by the market bears. $6000 highly at risk. ETH/USD has firmly breached the $200 level, a daily close below could be punishing to say the least. Elsewhere, XRP/USD wounded, a crashing through $0.5000 to the downside, last seeing trading within the $0.4700 territory. Big moves, that are not driven by anything particularly fundamental, more so seeming to be technical, given key levels being broken.   BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. WTI rallies more than 3% above $57.00 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Wed, 14 Nov 2018 16:06:58 -0500 Prices of the WTI navigate session tops above $57.00. Massive sell off met support near $54.70 on Tuesday. API report on US supplies next on tap. Prices of the barrel of the West Texas Intermediate (WTI) are advancing more than 3% on Wednesday, partially retracing the recent sharp drop and retaking the $57.00 mark and above. WTI up on OPEC rumours, looks to API, EIA After an impressive 12-session negative streak, prices of the WTI have managed to regain some composure today and are rallying more than 3% back to levels above the $57.00 mark per barrel. In fact, the sentiment around crude oil revived somewhat following news that the OPEC+ could discuss the probability of cutting the oil production (by 1.4M barrels) at the next meeting by end of November. In the meantime, traders appear to have recovered the smile today after crude oil prices shed nearly 30% since fresh 2018 peaks just above the $77.00 mark per barrel recorded in early October, considered one of the largest pullbacks since 2014 and always on the back of excess supply concerns and loss of momentum in the demand for crude. Later in the NA session, the API will publish its weekly report on US crude oil supplies ahead of tomorrow’s report by the DoE. WTI significant levels At the moment the barrel of WTI is up 3.64% at $57.24 and a breakdown of $54.76 (2018 low Nov.13) would aim for $54.54 (monthly high Sep.28 2017) and then $48.92 (monthly low Oct.6 2017). On the upside, the next hurdle now aligns at $60.47 (10-day SMA) followed by $64.14 (21-day SMA) and finally $67.85 (high Oct.29). Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. EUR/USD hits fresh highs near 1.1350 and retreats to 1.1300 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Wed, 14 Nov 2018 16:04:03 -0500 EUR/USD back into positive territory amid a weaker US dollar.  Brexit headlines on focus; May to deliver a statement in an hour. The EUR/USD pair hit a fresh daily high slightly below 1.1350 and then pulled back toward the 1.1300 area, on a volatile day dominated by Brexit headlines. US inflation data came in line with expectations and was ignored by market participants. Around 17:00 GMT, UK PM May will deliver a statement after a Cabinet meeting. The euro reached at 1.1347, the highest level since Friday and then pulled back. As of writing is trading at 1.1305/10, still with a bullish bias but the momentum eased significantly during the last hour. The main driver of the move higher was US dollar weakness. The DXY is hovering slightly below 97.00, posting minor losses for the day.  Equity prices in Wall Street are flat on a volatile day. The Dow Jones peaked earlier today at 25,495 and is standing at 25,250. Gold prices are also flat, moving in ranges around $1,200/oz while crude oil prices are rising 2.50%, recovering some of yesterday’s losses.  EUR/USD Levels to watch  To the upside, the immediate resistance is seen at 1.1345/50 (Nov 14 high), 1.1375 and 1.1395 (Nov 7 low). On the downside support could be located at 1.1295 (20-hour moving average), followed by 1.1260 (Nov 14 low) and 1.1235.<br />   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Wall Street opens modestly higher as crude oil recovery boosts energy http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Wed, 14 Nov 2018 15:27:35 -0500 Energy and industrials lead gains in early trade. Utilities continue to underperform. Major equity indexes in the U.S. opened the day modestly higher on Wednesday as the decisive recovery seen in crude oil prices helped the energy sector stage a strong rebound. As of writing, the S&P 500 Energy Index was up 1.17% on the day. Additionally, the S&P 500 Industrials Index extended its rally following comments from officials suggesting that the U.S. and China were again engaged in trade talks and was last seen up 0.85%. On the other hand, the S&P 500 Utilities Index falls 0.4% on the day as the wildfires in California and their potential negative impact continue to weigh on the sector.  Meanwhile, today's data from the U.S. showed that the annual core-CPI, which excludes volatile food and energy prices, ticked down to 2.1% in October and fell short of the market expectation of 2.2%. Additionally, hopes of the UK Cabinet accepting the Brexit deal helps the market sentiment improve on Wednesday. "It wouldn’t take much good news, whether it is stabilization in energy prices, benign CPI and good news on Brexit, any combination of those will propel us higher,” Art Hogan, chief market strategist at B. Riley FBR in New York, told Reuters. As of writing, the Dow Jones Industrial Average was up 54.01 points, or 0.2%, at 25,334.90, the S&P 500 was adding 5.92 points, or 0.22%, at 2,728.10 and the Nasdaq Composite was virtually unchanged at 6,830 points. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.